NAV went into trading halt in the same scenario as AED and were pilaged by Pattos.....70% discount to last traded price prior to the original Rights Issue... $4mil worth of options equal number to 50% of shares on issue excercisable at a 50% discount to sp prior to Rights issue..add the fact they have the right to pull out if the shareprice falls below the rights issue price and you have win win for Pattos... Expect AED to be flogged as well. If AED have any brains they will stay in trading halt at least until after the end of the financial year...
AED Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held